FSR should launch higher on Russell 3000 inclusionFSR will be included in the Russell 3000 index on June 28th. There has not yet been significant volume indicating that the mutual funds and ETF's that are mandated to track the index have most likely not made their buys yet. When they do make their buys, this should result in a large inflow in a short period of time pushing the price higher.
The IWV, an iShares Russel 3000 index ETF, is one example of a fund that will be obligated to add FSR, and to put it in perspective this single fund has $11.6 billion AUM (assets under management) so even a 1% allocation would result in a $116,000,000 inflow.
VPVR shows there is not much overhead volume at these price levels meaning it really could rocket higher. FSR also has 12.4% short interest as of 6/15/21 which could make for some covering.
FSR recently partnered with MGA, Magna International, Inc which gives them the benefit of Magna's long track record in the auto industry with lots of expertise and existing relationships with suppliers. This legitimizes FSR and its prospects for reaching the mass manufacturing stage.
